interesting read - not to buy

Discussion in 'Property Information Resources & Tools' started by investnow, 27th Oct, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
  1. investnow

    investnow Well-Known Member

    Joined:
    3rd Aug, 2016
    Posts:
    45
    Location:
    victoria
    investnow, 27th Oct, 2016
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,190
    Location:
    Adelaide and Gold Coast
    There's a similar article at least every Quarter, if that gives you a clue.
     
    D.T., 27th Oct, 2016
    #2
    Cactus and MikeyBallarat like this.
  3. Yson

    Yson Well-Known Member

    Joined:
    4th Jan, 2016
    Posts:
    361
    Location:
    Sydney
    Well I think if u can afford them and the numbers look good then can buy
     
    Yson, 27th Oct, 2016
    #3
  4. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,523
    Location:
    Sydney
    I personally would not buy anything in Sydney or Melbourne , even if I had the means to. But APRA, my wife's salary reducing significantly and me getting a nice $8,000 pay cut, means that this is a purely academic exercise for me!
     
    spludgey, 27th Oct, 2016
    #4
  5. jc007

    jc007 Member

    Joined:
    30th Aug, 2016
    Posts:
    9
    Location:
    nsw
    Another slow news day, if you keep making predictions one day you are bound to get right once
     
    jc007, 27th Oct, 2016
    #5
  6. jprops

    jprops Well-Known Member

    Joined:
    24th Sep, 2015
    Posts:
    895
    Location:
    Sydney
    This isnt a prediction of a crash, simply an analysis of what happens in cycles. I think the analysis is fairly well reasoned.
     
    jprops, 27th Oct, 2016
    #6
  7. hungusyd

    hungusyd Well-Known Member

    Joined:
    22nd Oct, 2016
    Posts:
    46
    Location:
    Sydney
    The analysis is wrong in so many levels to be honest.
    He asks people to hold off but until when? 1 year, 2 year or 10 years?

    The 1st reason is the most ******: "what goes up must goes down???". This doesn't mean that down will be as the same as up, price can go up by 100% then goes down by 5% and it is still true to his reason but would you want to be holding off for 1 2 3 years seeing price appreciates for 30% then goes down for 5%. In the end, you are still 25% worse off.
     
    hungusyd, 27th Oct, 2016
    #7
    Cactus, larrylarry and Bentley like this.
  8. Nlang

    Nlang Well-Known Member

    Joined:
    11th Sep, 2016
    Posts:
    87
    Location:
    Australia
    In that article you lost me at supply is increasing not where I m looking!!!!
    I agree with everything @hungusyd said
     
    Nlang, 27th Oct, 2016
    #8
  9. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    I definitely find myself agreeing with this article and think it describes various points in the cycle well. Thing is, this cycle is really having a great run! Of course it has to stop some time but it really doesn't seem to want to - has a life of its own.
    My guess is that Melbourne will still be going into next year. Brisbane and Adelaide will be next in line but they really have to wait until Sydney and Melbourne are burnt out. With properties in Sydney still going at 800K above reserve, could be a long wait.
     
    WattleIdo, 27th Oct, 2016
    #9
  10. Agent30yrs.

    Agent30yrs. Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    295
    Location:
    Brisbane
    If only their nana had taught them Every cloud has a silver lining instead :( dang !!
     
    Agent30yrs., 28th Oct, 2016
    #10